Matrix Service (NASDAQ:MTRX – Get Rating) issued its earnings results on Monday. The oil and gas company reported ($1.30) EPS for the quarter, missing the consensus estimate of ($0.23) by ($1.07), MarketWatch Earnings reports. Matrix Service had a negative return on equity of 17.65% and a negative net margin of 10.11%. During the same period last year, the company posted ($0.43) EPS.
Shares of NASDAQ:MTRX traded down $0.87 during mid-day trading on Tuesday, reaching $5.62. 19,549 shares of the company’s stock were exchanged, compared to its average volume of 374,482. The firm has a market capitalization of $150.52 million, a price-to-earnings ratio of -2.30 and a beta of 1.67. Matrix Service has a twelve month low of $6.18 and a twelve month high of $14.05. The business’s fifty day moving average price is $7.65 and its 200-day moving average price is $7.99.
MTRX has been the topic of a number of research reports. Zacks Investment Research raised shares of Matrix Service from a “sell” rating to a “hold” rating in a report on Wednesday, April 13th. StockNews.com started coverage on shares of Matrix Service in a report on Thursday, March 31st. They set a “hold” rating on the stock.
Several institutional investors have recently bought and sold shares of MTRX. Royal Bank of Canada grew its position in shares of Matrix Service by 48.7% in the second quarter. Royal Bank of Canada now owns 3,284 shares of the oil and gas company’s stock valued at $35,000 after purchasing an additional 1,075 shares in the last quarter. Millennium Management LLC boosted its holdings in shares of Matrix Service by 4.5% in the 3rd quarter. Millennium Management LLC now owns 25,718 shares of the oil and gas company’s stock worth $269,000 after purchasing an additional 1,116 shares in the last quarter. UBS Group AG boosted its holdings in shares of Matrix Service by 98.0% in the 3rd quarter. UBS Group AG now owns 5,415 shares of the oil and gas company’s stock worth $57,000 after purchasing an additional 2,680 shares in the last quarter. Wells Fargo & Company MN boosted its holdings in shares of Matrix Service by 14.3% in the 4th quarter. Wells Fargo & Company MN now owns 24,298 shares of the oil and gas company’s stock worth $183,000 after purchasing an additional 3,033 shares in the last quarter. Finally, The Manufacturers Life Insurance Company boosted its holdings in shares of Matrix Service by 27.0% in the 4th quarter. The Manufacturers Life Insurance Company now owns 17,451 shares of the oil and gas company’s stock worth $131,000 after purchasing an additional 3,710 shares in the last quarter. 88.69% of the stock is owned by hedge funds and other institutional investors.
Matrix Service Company Profile (Get Rating)
Matrix Service Company provides engineering, fabrication, infrastructure, construction, and maintenance services primarily to the oil, gas, power, petrochemical, industrial, agricultural, mining, and minerals markets in the United States, Canada, South Korea, Australia, and internationally. It operates through three segments: Utility and Power Infrastructure, Process and Industrial Facilities, and Storage and Terminal Solutions.
- Get a free copy of the StockNews.com research report on Matrix Service (MTRX)
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